Amber Road (NYSE:AMBR) released its earnings results on Monday. The software maker reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.05), Morningstar.com reports. Amber Road had a negative net margin of 11.67% and a negative return on equity of 34.61%. Amber Road updated its Q1 2019 guidance to $-0.04–0.02 EPS and its FY 2019 guidance to $-0.06-0.04 EPS.
AMBR opened at $8.81 on Tuesday. Amber Road has a 52-week low of $7.60 and a 52-week high of $10.41. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a market cap of $244.02 million, a P/E ratio of -18.74 and a beta of 0.42.
Separately, Zacks Investment Research cut Amber Road from a “buy” rating to a “hold” rating in a report on Monday, January 21st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $11.75.
In related news, CFO Thomas E. Conway sold 3,123 shares of the business’s stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $9.03, for a total transaction of $28,200.69. Following the completion of the transaction, the chief financial officer now owns 1,500 shares in the company, valued at approximately $13,545. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Nathan Pieri sold 20,000 shares of the company’s stock in a transaction on Monday, November 26th. The stock was sold at an average price of $8.96, for a total value of $179,200.00. Following the completion of the sale, the insider now owns 31,907 shares of the company’s stock, valued at $285,886.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 123,123 shares of company stock valued at $1,094,401. 15.10% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of the business. Royce & Associates LP lifted its holdings in shares of Amber Road by 7.0% in the 4th quarter. Royce & Associates LP now owns 1,868,815 shares of the software maker’s stock worth $15,380,000 after buying an additional 122,896 shares during the period. Gagnon Securities LLC lifted its holdings in shares of Amber Road by 25.1% in the 3rd quarter. Gagnon Securities LLC now owns 1,606,153 shares of the software maker’s stock worth $15,451,000 after buying an additional 322,586 shares during the period. BlackRock Inc. lifted its holdings in shares of Amber Road by 6.2% in the 4th quarter. BlackRock Inc. now owns 1,561,136 shares of the software maker’s stock worth $12,847,000 after buying an additional 91,376 shares during the period. Vanguard Group Inc lifted its holdings in shares of Amber Road by 16.5% in the 3rd quarter. Vanguard Group Inc now owns 1,205,262 shares of the software maker’s stock worth $11,594,000 after buying an additional 170,725 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Amber Road by 16.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,205,262 shares of the software maker’s stock worth $11,594,000 after buying an additional 170,725 shares during the period. Institutional investors and hedge funds own 72.57% of the company’s stock.
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Amber Road Company Profile
Amber Road, Inc provides cloud-based global trade management (GTM) solutions in the United States and internationally. The company's GTM solutions include modules for logistics contract and rate management; supply chain visibility and event management; international trade compliance; and global knowledge trade content database, supply chain collaboration with overseas factories and vendors, and duty management solutions to importers and exporters, nonvessel owning common carriers (resellers), and ocean carriers.
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